Japan’s MOL names world’s largest FSRU

Mitsui O.S.K. Lines of Japan on Friday held a naming ceremony for the MOL FSRU Challenger at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering in South Korea.

This is the first FSRU for MOL to independently build, own and operate.

The MOL FSRU Challenger will provide storage and regasification services to a project in Turkey after delivery during October with operation expected to start within 2017.

The FSRU has an LNG storage capacity of 263,000 cubic meters and has re-shipment and gas transfer capabilities. The unit will have a regas discharge capacity of 540 million cubic meters per day.

Its specifications allow for the re-export of LNG and supply of LNG to neighboring regions where the vessel is located.

MOL said in its statement the company is moving into the LNG secondary transport and LNG fuel supply businesses in Asia and Central and South America regions where it anticipates rising demand for LNG.